Italian envoy calls on Khawaja Asif

ISLAMABAD, July 28 (APP): Italian Ambassador Stefano
Pontecorvo called on Federal Minister for Defence, Water and
Power Khawaja Muhammad Asif here on Thursday.

During the meeting, areas of mutual interest, bilateral
relations and investment opportunities in the power and defence sectors came under discussion, according to a press release.

The ambassador commended the cordial relations the two
countries are enjoying at different levels.

He said Pakistan has several lucrative sectors where
Italy would like to invest.

The minister said Pakistan is looking for strengthening
relations with every country and it has a lot of potential in
the field of energy, defence, trade and scientific and
technological development which needs to be exploited.

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Khawaja Asif said that the energy sector is being made
more attractive for the investors so that foreign investment
in the coal and hydel power generation could further increase
to meet the country’s future requirements.

“Investment in micro-hydel and Run of the River projects
as well as in transmission and distribution in Pakistan will
not only benefit Pakistan but also profitable for Italy,” the
minister added.

The ambassador assured full support of the Government
of Italy in the fulfilling Pakistan’s development agenda
particularly in the power sector.

He said that Italian investors have keen interest for
making more investment in diverse sectors of Pakistan.

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